A P Electronic Funds Transfer (EFT) Form

Use the A/P Electronic Funds Transfer form to pay vendors by making direct deposits to their bank accounts.

Parent Topic: Screens
Related Procedures
Display the AP Payment Processing Form
Assign Check Numbers for Remaining Checks
Perform Initial Test Direct Deposit
Assign a Check Number to a Single Check
Run Multiple Payment Processing Sessions
Open an Existing AP Posting Run
Display the Cash Requirements Dialog Box
Void a Check or Electronic Funds Transfer Payment
Delete a Payment Processing Run
Display Cash Requirements
Pay a Voucher in Full
Process Payments in a Prior Period
Process Manual Select Payments
Post Payments
Preview Checks On Your Screen
Delete an AP Posting Run
Process Automatic Payments
Print a File Copy of Checks
Create an AP Posting Run
Sort AP Payments
Make a Partial Payment on a Voucher
Review Vendor Balances and Payments
Related Reference
By Vendor Tab of Cash Requirements Dialog Box
General Tab of AP Payment Processing Form
By Bank Tab of Cash Requirements Dialog Box
Toolbar of AP Payment Processing
Vendor Review Tab of AP Payment Processing

Location

To display the form, complete the following step:

From the Vision navigation menu, click Accounting > Accounts Payable > EFT.

Contents

Toolbar Options

Field Description
Bank Code Maintenance Click this button to open the Bank Codes form. The form displays the following tabs:
  • Bank Codes — Use this tab to enter or edit the data for a bank's Vision bank code.
  • NACHA File Format — Use this tab to enter or edit the data for a bank's Vision direct deposit and Electronic Funds Transfer transactions.
  • User Defined File Format — Use this tab to set up file format information for text files that are created with the Vision Export to Text feature for accounts payable and employee expense payment processing.
Help Click this option to open the Vision online help.

Fields

Field Description
Effective Entry Date Enter the date when these entries are valid for bank use.
Process Click this button to generate the .txt file in ACH format.
Report Click this button to generate the A/P Electronic Funds Transfer report for your files. This report displays data about the EFT transactions that you sent to the bank.
A/P Payment runs this period The Vision grids contain a drop-down that allows you to print a snapshot of the grid information, or export the grid's data to a Microsoft Excel spreadsheet.
Run Type This field displays AP.
Seq This field displays the posting sequence for the A/P payment processing run.
Name This field displays the username of the user who created the posting run.
Posted This field displays the date and time when the payment run was posted to the server.
Payment Date This field displays the Payment Date on the General tab of Accounts Payable Payment Processing.
Post Comment This field displays a summary of the posting run results.
Status This field displays the processing status of the payment run. The options are:
  • Processed — The payment run's .txt file has been generated for the bank.
  • Unprocessed — The payment run's .txt file has not been generated.
Exclude runs already processed Select this option before you click the Process option to prevent Vision from re-generating a payment run's .txt file. Having more than one .txt file for the same payment run can cause duplicate payment to the vendors in that run.
Exclude carriage return at end of each record Select this option to delete the carriage return after each record. This ensures that the ACH file has a continuous line of characters.
Add carriage return at end of file Select this option to add a carriage return after each record. This ensures that the ACH file has a return at the end of each record.